The Ministry of Finance (MF) borrowed RON 1.375 billion from banks on Thursday, through an issue of government bonds and a discount certificate issue, according to data published by the National Bank of Romania (NBR).

The ministry borrowed RON 664.3 million through a bond issue with a residual maturity of 71 months and an average yield of 6.58% per year. The nominal value of the issue was RON 500 million and banks subscribed to over RON 734.3 million.

An additional auction is scheduled for Friday, where the state wants to attract another RON 75 million at the yield set on Monday for the bonds.

MF also borrowed RON 711.3 million through an issue of 11-month discounted treasury certificates at an average yield of 6.03% per year. The nominal value of the issue was RON 300 million lei, and banks subscribed over RON 1.077 billion.

The Ministry of Finance (MF) planned to borrow RON 5.2 billion from commercial banks in May 2024, to which RON 690 million may be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of RON 5.89 billion is RON 890 million less than the RON 6.78 billion scheduled in April 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES